sign up log in
Want to go ad-free? Find out how, here.

The Opening Bell: Where currencies start on Tuesday, February 9, 2016

Currencies
The Opening Bell: Where currencies start on Tuesday, February 9, 2016

By Dan Bell

The NZDUSD opens at 0.6622 (mid-rate) this morning.

The NZD finds itself under pressure this morning with markets once again switching to a risk-off environment.

European and U.S equity markets have extended last week’s fall with global growth concerns and falling oil prices the main drivers.

The week ahead is relatively light on data releases and investors will turn their attention to earnings reports with Coca-Cola (KO), Disney (DIS), Time Warner (TWX), Cisco (CSCO), Twitter (TWTR), Kellogg (K), and PepsiCo (PEP) all due to release their quarterly results this week.

On Thursday and Friday Federal Reserve Chair Janet Yellen, is scheduled to deliver her semi-annual testimony to Congress, which will be closely monitored by investors for any clues on whether the Fed could still raise interest rates in March.

European and U.S. equity markets are sharply lower - Dow -2.04%, S&P 500 -1.95%, FTSE -2.71%, DAX -3.30%, CAC -3.20%, Nikkei +1.10%, Shanghai Closed.

Gold prices are up 2% currently trading at $1195 an ounce, WTI Crude Oil is currently trading down 3% at $30.01 a barrel.

Current indicative rates:

NZDUSD       0.6622     
NZDEUR       0.5928      
NZDGBP       0.4597      
NZDJPY         76.58         
NZDAUD       0.9355     
NZDCAD       0.9243 

 


 

To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.

Email:   

Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »

Daily exchange rates

Select chart tabs

Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
End of day UTC
Source: CoinDesk

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.